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How to buy Sifchain (EROWAN)

Learn how to buy Sifchain (EROWAN) in our step-by-step guide.

Where to buy Sifchain

It looks like EROWAN may not be available to purchase on an exchange in the US.

You can still purchase EROWAN by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase EROWAN using a decentralized exchange.
  1. Find EROWAN on a decentralized exchange and make sure Sifchain can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for EROWAN using an exchange like Gemini. You will need to purchase enough ETH to swap for EROWAN as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for EROWAN on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the EROWAN tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

Best Sifchain wallets to store your EROWAN

You can keep your EROWAN on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your EROWAN below.
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Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is Sifchain a good investment?

As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to eROWAN, here are a few things to consider:

  • Relationship between eROWAN and ROWAN: eROWAN is the Ethereum-based equivalent of the native ROWAN token. While ROWAN exists on the Sifchain and, therefore, within the Cosmos ecosystem, eROWAN is the coin’s equivalent developed for the Ethereum blockchain. eROWAN can be swapped 1:1 for ROWAN using the protocol’s bridging mechanism. All eROWAN coins need to be converted to ROWAN to access the native cryptocurrency benefits such as staking and voting rights within the SifDAO.
  • Solving a clear problem: By focusing on interoperability Sifchain is aiming to tackle one of the key issues that plague the cryptocurrency industry. If Sifchain can execute its vision well, the project has a chance of capturing market share within the interoperability niche.
  • Competition: Although tackling a clear problem, there are several other projects looking to tackle issues faced by interoperability and the exchange of digital assets. Sifchain will need to continually innovate to stay ahead of competing protocols. Future investors should pay close attention to the integration of Sifchain with other layer-1 blockchains such as Avalanche, Polygon, and Terra.
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Today's Sifchain price versus ATH

Compare today's price of Sifchain ($0.00036829 USD) against its all-time high (ATH) price of $1.41 on March 17, 2021. The closer the bar is to 100%, the closer EROWAN is to reaching its ATH again.

Current price: $0.00036829
All time high: $1.41
1%
99%

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  1. Data by CoinGecko

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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